Bibby Financial Services (BFS), the independent SME funder, has provided a £12 million confidential invoice discounting facility to Diverse Recruitment Group, supporting its growth ambitions.
Headquartered in London, Diverse Group is one of the UK’s leading recruitment groups specialising in supplying temporary staff across the health and social care sector as well as local government. With an annual turnover of £100 million, the Group’s brands include Diverse Recruitment Limited, Imperium Resourcing Limited, MCM Medical Limited, Amare Health Limited and Social Work First Limited.
The funding package follows an introduction from Matthew Stacey at Antares Finance, with the deal team at BFS led by Christian Nolan. Recognising the Group’s need for increased working capital to support its rapid expansion, and having already supported an associated acquisition earlier in 2025, Nolan and team moved at pace to deliver the £12 million confidential invoice discounting facility across five entities.
The deal enabled the Group to increase individual customer funding limits, freeing up cash flow and unlocking the working capital Diverse Group needed to drive both organic and acquisitive growth.
Tommy Love, Managing Director of the Diverse Group, said: “BFS supported at a critical time for our business. Their ability to respond quickly, understand the complexity of a multi-entity structure and increase our facility within tight timeframes made all the difference. The new funding line provides the working capital headroom we need to continue scaling across the UK care sector and to pursue future acquisition opportunities.”
Christian Nolan, Corporate Business Development Manager at BFS, said: “We’re proud to partner with Diverse Group, a business playing a vital role in meeting staffing needs across the care sector. Our team worked collaboratively and at speed to structure a confidential invoice discounting facility that supports both their immediate requirements and long-term ambitions. We look forward to supporting the Group as they continue to grow.”
The transaction was supported by:
- Elliott Butlin, Assistant Corporate Manager
- Rachel Hollett, Assistant Corporate Manager
- Kate Jackson, Commercial Onboarding Co-ordinator
- Ashley Weddle, Head of Corporate Business Centre (South)
- Andrew Strike, Underwriting / Risk
- Steve Nixon, Regional Head of Corporate (Central & South)
Read the orginal article: https://ffnews.com/newsarticle/funding/12-million-bfs-funding-package-supports-diverse-groups-continued-growth/
